The Unsinkable brian cork™

Brian Patrick Cork is living the Authentic Life

exposing the AT&T and Apple DATA leakage scam

July15

or…

ATT And Apple Battle Over Data Leakage

heads-up…

I was one of those people with a family plan of Apple iPhones on the AT&T network that was getting hammered with the mysterious “DATA leakage” issue.

we were on the 6GB plan but exceeded that by double half way through the month and getting dinged at a $15 per GB clip. I think this has been going on since the introduction of iOS6. AT&T always tries to deny the issue, then blames Apple when pressed. Apple acknowledges the problem and then blithely suggests people switch to Verizon because they also had the issue, but managed to resolve it. Apple just cares about selling iPhones. however, I did speak with a buddy over there and he insists they simply want everyone with an iPhone in their hand to have a great experience. so, why not refer people to Verizon?

here is an article by Steven Rosenbaum, a ontributor on Forbes, that can add some detail and offer solid perspective titled, ATT And Apple Battle Over Data Leakage

“But over the past seven months I’ve found myself inside a massive battle between AT&T and Apple, a battle that insiders tell me isn’t one I’m facing alone.  Apple and AT&T are at war – pointing fingers and placing blame. And customers are footing the bill – absorbing thousands of dollars in ‘leaked’ data charges. It began with the release of iOS 6 on the iPhone 5 in late September of 2012 – and the companies have been at war ever since.”

what is genuinely astonishing about this is the media is not banging the drum and the Federal Trade Commission has not picked-up on any of this yet. the whole scam is clearly roosted within AT&T and their abject desire to rip-off their customers. at least Verizon had the balls and integrity to quietly resolve the problem. and, that effort alone damns AT&T.

in any event, as of today I told AT&T they had to credit back all the penalties (in my case $120) or let me out of my contract(s) so we could jump over to Verizon. they immediately gave me a credit (if you can call spending an hour with some chick in India immediate).

so… call AT&T today at 888-757-6500, and tell them Brian Patrick Cork sent you. do it!

peace be to my Brothers and Sisters.

brian patrick cork

does the fed work for Goldman?

December30

This depends on how we might define work.

There’s a perspective, to be sure.

It can be argued that the Fed is intentionally holding rates at zero in the hopes of forcing investors, concerned about long-term challenges that include retirement, to invest in longer-term riskier assets instead of collecting “little or nothing (Bernarke)” on money market or CD’s.

Worse now for the Fed is the impression that monetary authorities work first and foremost for Wall Street.

Of course, Fed officials see this a bit differently… They see supporting Wall Street as their mechanism for supporting Main Street.

Ultimately, without the former, the latter is locked out of capital markets, and economic chaos could follow.

The purpose of Wall Street is supposed to be, or was designed to be (when it was founded in 1913) channeling investment funds into Main Street.

But most Americans no longer view Wall Street as ultimately working in their best interests – and, I believe they are mostly correct. This is the same Wall Street that aggressively pushed garbage loans onto the American people as policymakers praised the wonders of financial innovation. When did the purpose of finance evolve into simply a mechanism to enrich the relative few at the expense of many? And when did policymakers embrace this view? As Paul Krugman has noted, the Fed cannot envision a world not dominated by the magic of structured finance. Yet this is a world that failed us completely.

Look for my forthcoming post outlining the federally funded Goldman Scam that almost took AIG to it’s knees.

But, here’s the pattern outline, because I know you can’t wait:

1. Goldman creates or sells $23 billion (or more) of CDOs and stuffs them into AIG.

2. Goldman proclaims to the world they have no exposure to CDOs and warns that banks and insurers with CDO exposure will get downgraded.

3. Goldman initiates the mark downs of CDOs with AIG and others, acelerating the market’s downward spiral.

4. Huge mark to market losses lead insurer and bank credit to freeze, short term markets to lock up, ABCP to collapse.

5. AIG posts as much collateral as it has to Goldman, who has more aggressively marked down the exposure.

6. Bond insurers are downgraded, banks begin commutations with them.

7. AIG fails, Fed steps in, Goldman gets bailed out at par.

Come on! This is no accident. And no one in authority wants to find out where the truth lies.

Meanwhile…

The House has passed a bill to audit the Federal Reserve. However, we find ourselves hands-on-knees with a fast-action response from the the Fed claiming that an audit would interfere with its “independence”.

Sing me the song of irony.

Even though the Bill was buried, word got out, and  79% of the American people support at least the notion of a full audit.

NOTE: The Constitution does not empower what is becoming a central bank. And Congress, which created the Federal Reserve in 1913 (and, it coincided, oddly, somehow with the creation of Wall Street) which has the power to create credit and money (rather like Wall Street), and, certainly has the power to audit, dissolve, or do whatever it likes with the central bank (including stripping it of the power to create credit).

Point of reference: Can we agree that the Fed has bungled efforts to manage the economy, keeping unemployment low, and regulating banks?

Just in cases that white van finds me soon, the the independence argument is a red herring./1

Peace be to my Brothers and Sisters.

Brian Patrick Cork

______________________

1/ Something that draws attention away from the central issue.

What’s All This About?

"What am I looking at?", you might wonder.

Lots of stuff.

Meanwhile, here, I discuss events, people and things in our world - and, my (hardly simplistic, albeit inarticulate) views around them.

You'll also learn things about, well, things, like people you need to know about, and information about companies you can't find anywhere else.

So, while I harangue the public in my not so gentle way, you will discover that I am fascinated by all things arcane, curious about those whom appear religious, love music, dabble in politics, loathe the media, value education, still think I am an athlete, and might offer a recipe.

All the while, striving mightily, and daily, to remain a prudent and optimistic gentleman - and, authentic.

brian cork by John Campbell





photos by John Campbell

 

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